Revisiting Automated Valuation Model Disparities in Majority-Black Neighborhoods

Urban Institute, May 18, 2022–Linna Zhu, Michael Neal, Caitlin Young
Automated valuation models (AVMs) represent the promise of greater efficiency and lower costs for the mortgage industry. However, research has suggested that AVMs can produce racially disparate outcomes—namely, higher error as a percentage of value in majority-Black neighborhoods—that highlight the importance of technological equity.
https://www.urban.org/research/publication/revisiting-automated-valuation-model-disparities-majority-black-neighborhoods